AKAP RENOV: what changed
AKAP RENOV
Largest movements
- Receivables within one year -€43,714
down €43,714 (-73.3%), from €59,644 to €15,930
of which Other amounts receivable: -€44,673
- Cash -€6,046
down €6,046 (-69.9%), from €8,655 to €2,610
mainly Other debts (-€21,221) and Net result for the year (-€20,840)
- Tangible fixed assets -€5,099
down €5,099 (-11.0%), from €46,219 to €41,120
of which Other tangible fixed assets: -€4,072
- Financial fixed assets +€2,000
up €2,000 (+24.7%), from €8,113 to €10,113
- Other debts -€21,221
down €21,221 (-32.2%), from €65,838 to €44,617
- Profit (loss) carried forward -€20,840
down €20,840 (-504%), from -€4,135 to -€24,976
- Trade debts +€18,355
up €18,355 (+555%), from €3,307 to €21,663
- Debts after one year -€10,500
down €10,500 (-84.0%), from €12,500 to €2,000
- Short-term financial debts -€9,402
down €9,402 (-73.0%), from €12,878 to €3,475
- Gross operating margin -€53,112
down €53,112 (-100.0%), from €53,123 to €11
- Staff costs -€34,527
down €34,527 (-95.2%), from €36,252 to €1,725
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,289 | €70,430 | -€52,859 | -42.9% |
| Fixed assets | 21/28 | €54,332 | €51,233 | -€3,099 | -5.7% |
| Tangible fixed assets | 22/27 | €46,219 | €41,120 | -€5,099 | -11.0% |
| Plant, machinery and equipment | 23 | €10,547 | €9,654 | -€893 | -8.5% |
| Furniture and vehicles | 24 | €2,294 | €2,159 | -€134 | -5.9% |
| Other tangible fixed assets | 26 | €33,378 | €29,307 | -€4,072 | -12.2% |
| Financial fixed assets | 28 | €8,113 | €10,113 | +€2,000 | +24.7% |
| Current assets | 29/58 | €68,957 | €19,197 | -€49,760 | -72.2% |
| Amounts receivable within one year | 40/41 | €59,644 | €15,930 | -€43,714 | -73.3% |
| Trade receivables | 40 | €7,880 | €8,838 | +€958 | +12.2% |
| Other amounts receivable | 41 | €51,765 | €7,092 | -€44,673 | -86.3% |
| Cash at bank and in hand | 54/58 | €8,655 | €2,610 | -€6,046 | -69.9% |
| Deferred charges and accrued income | 490/1 | €657 | €657 | = | 0.0% |
| Total equity and liabilities | 10/49 | €123,289 | €70,430 | -€52,859 | -42.9% |
| Equity | 10/15 | €19,515 | -€1,325 | -€20,840 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,451 | €17,451 | = | 0.0% |
| Distributable reserves | 133 | €17,451 | €17,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,135 | -€24,976 | -€20,840 | -504% |
| Amounts payable | 17/49 | €103,774 | €71,755 | -€32,019 | -30.9% |
| Amounts payable after more than one year | 17 | €12,500 | €2,000 | -€10,500 | -84.0% |
| Other amounts payable | 178/9 | €12,500 | €2,000 | -€10,500 | -84.0% |
| Amounts payable within one year | 42/48 | €91,274 | €69,755 | -€21,519 | -23.6% |
| Financial debts | 43 | €12,878 | €3,475 | -€9,402 | -73.0% |
| Credit institutions | 430/8 | €12,878 | €3,475 | -€9,402 | -73.0% |
| Trade debts | 44 | €3,307 | €21,663 | +€18,355 | +555% |
| Suppliers | 440/4 | €3,307 | €21,663 | +€18,355 | +555% |
| Taxes, remuneration and social security | 45 | €9,251 | - | -€9,251 | |
| Taxes | 450/3 | €9,251 | - | -€9,251 | |
| Other amounts payable | 47/48 | €65,838 | €44,617 | -€21,221 | -32.2% |
| Non-recurring operating income | 76A | - | €3,170 | +€3,170 | |
| Remuneration, social security and pensions | 62 | €36,252 | €1,725 | -€34,527 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,099 | €5,099 | +€1 | 0.0% |
| Other operating charges | 640/8 | €412 | €249 | -€162 | -39.5% |
| Non-recurring operating charges | 66A | €18,998 | €12,304 | -€6,694 | -35.2% |
| Gross operating margin | 9900 | €53,123 | €11 | -€53,112 | -100.0% |
| Operating profit (loss) | 9901 | -€7,638 | -€19,366 | -€11,729 | -154% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,061 | €1,474 | +€413 | +38.9% |
| Recurring financial charges | 65 | €1,061 | €1,474 | +€413 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,698 | -€20,840 | -€12,142 | -140% |
| Profit (loss) for the period | 9904 | -€8,698 | -€20,840 | -€12,142 | -140% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,698 | -€20,840 | -€12,142 | -140% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.